---
title: "Indo Tech Transformers Ltd (INDOTECH) — Share Price, Financials & Analysis"
symbol: "INDOTECH"
company: "Indo Tech Transformers Ltd"
canonical: "https://tapetide.com/stocks/INDOTECH"
isin: "INE332H01014"
nse_symbol: "INDOTECH"
bse_code: "532717"
sector: "Capital Goods"
industry: "Electrical Equipment"
market_cap_cr: 3692.57
generated_at: "2026-09-13T18:36:10.197Z"
---

# Indo Tech Transformers Ltd (INDOTECH)

Canonical page: https://tapetide.com/stocks/INDOTECH

## Company

- **NSE Symbol:** INDOTECH
- **BSE Code:** 532717
- **ISIN:** INE332H01014
- **Sector:** Capital Goods
- **Industry:** Electrical Equipment
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2006-03-16
- **CEO:** Mr. C.P. Sai Krishnan
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** indo-tech.com

## About

Indo Tech Transformers Ltd. is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile substation transformers and substations. [1]

## Latest Price

- **Price:** ₹3522.9
- **Change:** -79.5 (-2.21%)
- **Open:** ₹3601
- **Day High:** ₹3687.6
- **Day Low:** ₹3462.3
- **Previous Close:** ₹3602.4
- **Volume:** 12309
- **As Of:** 2026-09-11T10:28:00+00:00

## Key Fundamentals

Observed at 2026-09-11T04:52:46.634455Z.

- **Market Cap:** ₹3692.57 Cr
- **Classification:** Microcap
- **P/E (reported):** 38.5
- **P/E (TTM):** 37.68
- **EPS (TTM):** ₹93.5
- **Book Value:** ₹351.89
- **Price to Book:** 10.24
- **Dividend Yield:** 0.28%
- **ROE:** 24.82%
- **ROCE:** 32.97%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹792.5 Cr
- **Net Income:** ₹92.8 Cr
- **EBITDA:** ₹130.7 Cr
- **52-Week High:** ₹4030
- **52-Week Low:** ₹1100
- **RSI (14):** 48.18

## Tapetide Score

- **Score:** 40 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 14.5 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 90.96 | 9% |
| growth | 58.94 | 9% |
| momentum | 97.74 | 12% |
| ownership | 39.51 | 24% |
| quality | 67.92 | 22% |
| valuation | 34.11 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.
- Company has delivered good profit growth of 71.3% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
- Debtor days have improved from 76.8 to 56.5 days.

### Weaknesses

- Stock is trading at 10.0 times its book value
- Promoter holding has decreased over last quarter: -2.82%
- Promoters have pledged 80.3% of their holding.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 2.86% | 79.04% | 162.24% |
| ebitda margin growth | 8.61% | 11.94% | 27.71% | 150.38% |
| net income growth | 7.53% | 45.23% | 53% | 71% |
| revenue growth | -3.16% | 26.15% | 28% | 31% |
| roce | — | 8.35% | 20.77% | 23.34% |
| roe | — | 9.1% | 23.05% | 195.48% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 96 | 139 | 175 | 82 | 146 | 177 | 206 | 164 | 183 | 196 | 239 | 228 |
| Expenses | 85 | 124 | 148 | 74 | 123 | 153 | 185 | 140 | 152 | 163 | 207 | 196 |
| Operating Profit | 11 | 15 | 27 | 8 | 23 | 24 | 21 | 24 | 31 | 33 | 32 | 32 |
| OPM % | 12 | 11 | 15 | 10 | 16 | 14 | 10 | 15 | 17 | 17 | 14 | 14 |
| Other Income | 2 | 1 | 3 | 2 | 3 | 6 | 5 | 3 | 4 | 2 | 1 | 5 |
| Interest | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | 11 | 14 | 27 | 8 | 24 | 29 | 24 | 25 | 33 | 34 | 32 | 34 |
| Tax % | 36 | 24 | 6 | 29 | 28 | 33 | 14 | 23 | 26 | 26 | 25 | 25 |
| Net Profit | 7 | 11 | 26 | 6 | 18 | 19 | 21 | 19 | 25 | 25 | 24 | 26 |
| EPS in Rs | 6.66 | 10.06 | 24.08 | 5.56 | 16.69 | 18.15 | 19.76 | 18.05 | 23.33 | 23.45 | 22.52 | 24.2 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 220 | 213 | 205 | 206 | 280 | 371 | 503 | 612 | 782 | 846 |
| Expenses | 221 | 215 | 203 | 195 | 258 | 335 | 435 | 527 | 653 | 718 |
| Operating Profit | -1 | -2 | 2 | 11 | 22 | 36 | 68 | 85 | 129 | 128 |
| OPM % | -0.6 | -1 | 0.9 | 5 | 8 | 10 | 14 | 14 | 17 | 15 |
| Other Income | 5 | 1 | 5 | 3 | 2 | 3 | 7 | 16 | 10 | 13 |
| Interest | 2 | 2 | 2 | 3 | 7 | 8 | 12 | 11 | 11 | 2 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 4 | 5 | 5 |
| Profit before tax | -4 | -8 | 0 | 6 | 12 | 26 | 57 | 86 | 124 | 133 |
| Tax % | 0 | 0 | -1820 | 1 | 2 | 0 | 18 | 26 | 25 | — |
| Net Profit | -4 | -8 | 2 | 6 | 12 | 26 | 47 | 64 | 93 | 99 |
| EPS in Rs | -3.47 | -7.9 | 1.81 | 5.92 | 11.48 | 24.2 | 44.12 | 60.15 | 87.35 | 93.5 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
| Reserves | 128 | 123 | 115 | 116 | 123 | 134 | 160 | 207 | 270 | 363 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 1 | 11 | 5 | 8 | 5 |
| Other Liabilities | 64 | 75 | 69 | 77 | 55 | 94 | 121 | 164 | 150 | 178 |
| Total Liabilities | 202 | 209 | 195 | 203 | 188 | 240 | 303 | 386 | 438 | 557 |
| Fixed Assets | 54 | 50 | 52 | 48 | 44 | 41 | 44 | 49 | 50 | 75 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 6 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 148 | 159 | 143 | 155 | 144 | 197 | 258 | 337 | 383 | 470 |
| Total Assets | 202 | 209 | 195 | 203 | 188 | 240 | 303 | 386 | 438 | 557 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -12 | 4 | 17 | -14 | 8 | 22 | -4 | 32 | 55 | 57 |
| Cash from Investing Activity | -1 | -1 | -1 | -2 | -3 | -9 | -15 | -12 | -18 | -53 |
| Cash from Financing Activity | -1 | 0 | 0 | 0 | 0 | 0 | 9 | -8 | 1 | -5 |
| Net Cash Flow | -14 | 2 | 16 | -16 | 5 | 13 | -9 | 12 | 39 | -1 |
| Free Cash Flow | -14 | 3 | 17 | -16 | 7 | 18 | -12 | 24 | 40 | 23 |
| CFO/OP | 400 | -311 | -856 | -756 | 28 | 100 | -12 | 67 | 87 | 68 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 146 | 132 | 106 | 131 | 123 | 106 | 127 | 101 | 73 | 56 |
| Inventory Days | 162 | 91 | 79 | 113 | 92 | 98 | 102 | 126 | 114 | 131 |
| Days Payable | 127 | 116 | 101 | 134 | 96 | 130 | 123 | 88 | 40 | 38 |
| Cash Conversion Cycle | 181 | 107 | 84 | 110 | 118 | 75 | 106 | 139 | 147 | 149 |
| Working Capital Days | 168 | 110 | 67 | 105 | 112 | 74 | 80 | 79 | 73 | 75 |
| ROCE % | -4 | -1 | -5 | 2 | 7 | 14 | 21 | 34 | 38 | 40 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 72.18% |
| FIIs | 0% | 0% | 0.02% | 0.42% | 0.4% | 0.48% | 0.25% | 0.15% | 0.17% | 0.19% | 0.27% | 0.28% |
| DIIs | 0% | 0% | 0% | 0.01% | 0% | 0.66% | 0.66% | 0.41% | 0.6% | 0.66% | 0% | 0.05% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.84% | 20.05% | 20.07% | 20.19% | 20.32% | 19.39% | 19.68% | 20.31% | 20% | 19.98% | 20.18% | 19.29% |
| Others | 5.16% | 4.95% | 4.91% | 4.38% | 4.28% | 4.46% | 4.41% | 4.13% | 4.23% | 4.17% | 4.54% | 8.2% |
| No. of Shareholders | 8932 | 8900 | 11075 | 16210 | 17302 | 20675 | 25077 | 27561 | 26561 | 26361 | 25871 | 24680 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 4 / 7

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 3640.31 | Sell |
| EMA (10) | 3637.14 | Sell |
| SMA (20) | 3697.42 | Sell |
| EMA (20) | 3644.97 | Sell |
| SMA (50) | 3544.82 | Sell |
| EMA (50) | 3474.15 | Buy |
| SMA (100) | 3101.6 | Buy |
| EMA (100) | 3095.94 | Buy |
| SMA (200) | 2281.46 | Buy |
| EMA (200) | 2649.59 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.6 | Neutral |
| MACD (12,26,9) | 17.13 | Sell |
| Stochastic (14,3,3) | 15.63 | Buy |
| ADX (14) | 12.66 | Neutral |
| Williams %R (14) | -86.15 | Buy |
| ATR (14) | 159.47 | High Volatility |
| ROC (12) | -5.95 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 35.63 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-11 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ddb00b5d-0607-4a1f-b780-7f48041f8b50.pdf) |
| 2026-09-02 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ff7d7bca-7bec-4198-8e45-4651b79b7d01.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b1473325-d1ad-41f5-b6bf-9ba8528354b0.pdf) |
| 2026-08-31 | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=443eb46a-31fe-483e-9d56-86e3c005665a.pdf) |
| 2026-08-27 | [34Th Annual General Meeting To Be Held On Wednesday September 23 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62a90619-2876-487f-aedb-7026ec634b78.pdf) |
| 2026-08-27 | [Intimation Of Date Of The AGM Record Date Book Closure And Cut-Off Date For E-Voting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e5de205-5881-4312-bc5c-c9475b6800d8.pdf) |
| 2026-08-27 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=863cb6a3-ee53-4f11-a317-b9e99367cce3.pdf) |
| 2026-08-27 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1a020a37-3275-49df-a8c2-780b40669c19.pdf) |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=107aba0e-78fb-4e5c-a653-db621624973e.pdf) |
| 2026-08-17 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=728c660a-9a4d-4917-8402-75f0154c71bd.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56a03f4e-8d1e-4213-8c88-32fc5f383e2c.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-11 | [Intimation Of Unaudited Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3488e3e6-e08c-4652-ad38-67cd11fb912b.pdf) |
| 2026-05-20 | [Results - Financial Results For The Quarter And Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a94c0941-b2c0-4470-a079-1e32036c1c30.pdf) |
| 2026-02-04 | [Intimation Of Financial Results For The Quarter And Nine Month Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6f6851df-b90d-4a6a-a8a4-a6aff67b9d31.pdf) |
| 2025-11-13 | [Intimation Of Unaudited Financial Results For The Quarter And Half Year Ended Sept 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ede922ad-5f17-443d-abe3-420cb5f627b2.pdf) |
| 2025-08-13 | [Quarterly Unaudited Financial Results For The Period Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cacba223-d590-41e6-b43e-d2ac2b3aedd4.pdf) |
| 2025-05-20 | [Results - Financial Results March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1e07aac2-efd4-40e7-a2f4-c1bbca2a81df.pdf) |
| 2024-08-07 | [Unaudited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1c1cce69-529e-498f-9c79-38d3137c9388.pdf) |
| 2024-05-24 | [Standalone Audited Financial Statement Of The Company For The Quarter And Financial Year<BR> Ended March 31, 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa01f360-7f84-4f08-8eef-4286dccd3155.pdf) |
| 2023-12-23 | [Revised Outcome Of The Board Meeting Held On November 09, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=00be29d8-a902-48f6-8c38-e86a6fb9c15c.pdf) |
| 2023-11-09 | [Board Meeting Outcome for Outcome Of The Board Meeting Held On November 09, 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5c8451c9-3305-4fa6-b4ab-db9b77648c97.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 6 Feb - Of newspaper publication on financial results in Financial Express and Makkal Kural dated February 06, 2026 | [Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb - Of newspaper publication on financial results in Financial Express and Makkal Kural dated February 06, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/01462783-2d76-4786-9308-bb59f25056bd.pdf) |
| 4 Feb - Unaudited standalone Q3 and nine-month results for period ended Dec 31, 2025; limited review enclosed. | [Board Meeting Outcome for Intimation Of Financial Results For The Quarter And Nine Month Period Ended December 31, 2025 4 Feb - Unaudited standalone Q3 and nine-month results for period ended Dec 31, 2025; limited review enclosed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5ac6feb8-9e89-4fe4-a400-6a4c10fd552e.pdf) |
| 4 Feb - Indo-Tech approved unaudited standalone results for quarter and nine months ended Dec 31, 2025; limited review attached. | [Intimation Of Financial Results For The Quarter And Nine Month Ended December 31, 2025 4 Feb - Indo-Tech approved unaudited standalone results for quarter and nine months ended Dec 31, 2025; limited review attached.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f6851df-b90d-4a6a-a8a4-a6aff67b9d31.pdf) |
| 31 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results; Board date to be notified. | [Closure of Trading Window 31 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results; Board date to be notified.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b0c6a7d6-15cb-4703-84aa-deeae2333617.pdf) |
| 27 Jan - Board meeting on 4 Feb 2026 to approve Q3/9M unaudited results for period ended Dec 31, 2025. | [Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results For The Quarter And Nine-Month Period Ended 31 December, 2025 And Other Business Matters 27 Jan - Board meeting on 4 Feb 2026 to approve Q3/9M unaudited results for period ended Dec 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6f986f44-9d70-49ce-8840-949f55b0fa73.pdf) |
| 11 Mar - Renew Wind Energy canceled supply of 6 transformers worth INR 64.99 Cr; order dated 08-Jan-2026; project delay. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 11 Mar - Renew Wind Energy canceled supply of 6 transformers worth INR 64.99 Cr; order dated 08-Jan-2026; project delay.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/370a4bc2-4103-4ce6-8eff-5094274a1a32.pdf) |
| — | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr](https://www.bseindia.com/xml-data/corpfiling/AttachHis/068c925f-c6e4-487d-a110-635e28c496b8.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_2815_INDOTECH_2011_2012_31102013110004.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a40c4a43-5f1e-4223-81f8-028118078331.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a834c92c-5612-41d1-88e5-bf4db49b5353.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c5cae0a-5f91-4a13-ab44-2d8cb0548118.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532717/76822532717.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532717/69509532717.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532717/67224532717.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532717/5327170319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532717/5327170318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532717/5327170317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:36:10.197Z.